BROOKFIELD Corp ON Buys New Shares in VICI Properties Inc. $VICI

Key Points

• BROOKFIELD Corp ON has acquired a new stake in VICI Properties Inc., purchasing 92,080 shares valued at approximately $3 million during the first quarter.
• VICI Properties reported a quarterly earnings per share of $0.60, meeting consensus estimates, and had a revenue of $1 billion, which was above expectations.
• The company recently announced an increase in its quarterly dividend from $0.43 to $0.45 per share, reflecting a positive change and a yield of 5.4%.

BROOKFIELD Corp ON acquired a new stake in VICI Properties Inc. (NYSE:VICI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 92,080 shares of the company's stock, valued at approximately $3,004,000.

Several other large investors have also made changes to their positions in the business. Nicola Wealth Management LTD. boosted its holdings in shares of VICI Properties by 6.2% in the 1st quarter. Nicola Wealth Management LTD. now owns 53,185 shares of the company's stock valued at $1,735,000 after acquiring an additional 3,100 shares during the last quarter. Strs Ohio purchased a new stake in shares of VICI Properties in the 1st quarter valued at $44,084,000. Acadian Asset Management LLC boosted its holdings in shares of VICI Properties by 383.3% in the 1st quarter. Acadian Asset Management LLC now owns 56,941 shares of the company's stock valued at $1,856,000 after acquiring an additional 45,160 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of VICI Properties by 131.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,591 shares of the company's stock valued at $150,000 after acquiring an additional 2,604 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of VICI Properties by 145.9% in the 1st quarter. Focus Partners Wealth now owns 584,945 shares of the company's stock valued at $19,081,000 after acquiring an additional 347,109 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.0%

VICI stock opened at $33.15 on Friday. The company's 50-day simple moving average is $33.16 and its 200-day simple moving average is $32.36. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The firm has a market cap of $35.35 billion, a P/E ratio of 12.70, a PEG ratio of 3.31 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. VICI Properties has set its FY 2025 guidance at 2.350-2.370 EPS. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 18th. This is a positive change from VICI Properties's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 5.4%. VICI Properties's payout ratio is 66.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VICI. JPMorgan Chase & Co. upped their price objective on shares of VICI Properties from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Citigroup reiterated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, JMP Securities set a $35.00 target price on shares of VICI Properties in a research note on Tuesday, July 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $35.83.

About VICI Properties

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

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